~~*Parties*~~UNITED ~~*Attorneys*~~STATES SECURITIES ~~---------~~AND ~~-----------~~EXCHANGE ~~MICROBEST~~COMMISSION WASHINGTON, ~~INC~~D. ~~Bart Alan Houston, Esq~~C. 751 Park of Commerce Dr #122 316 NE 4 St Boca Raton, FL 33487 Ft. Lauderdale, FL 33301 Tax ID: 41-1864003 954-779-3800 *Debtor*20549

~~DOC.~~FORM DATE NO. DOCKET ENTRY ------ ---- ------------ 6/1/00 1 Voluntary Petition Filed Under Chapter 11, missing, documents: -All Schedules and Statements Due 6/16/00, Disclosure statement due 9/29/00 Chapter 11 Plan due 9/29/00. (bd) [EOD 06/02/00] 6/4/00 2 Notice of Deficiency for Incomplete Filings and Certificate of Mailing. (adkt) [EOD 06/06/00] 6/6/00 3 Emergency Motion by Debtor Microbest, Inc. For Authorization to Pay Pre Petition Wages "Emergency Hearing Request" (hm) [EOD 06/07/00] 6/7/00 4 Notice of Appearance And Request For Service Of Notice By Craig I Kelley for Creditor Simon Mundlak, Creditor Raymond Evans. (hm) [EOD 06/07/00] 6/7/00 5 Notice of Hearing by Bart Alan Houston for Debtor Microbest, Inc. RE: [3-1] Emergency Motion For Authorization to Pay Pre Petition Wages by Microbest, Inc. Schd For 12:30 6/8~~/00 at Courtroom 6, WPB (hm) [EOD 06/08/00] 6/9/00~~ -- First Meeting of Creditors Schd for 2:30 7/12/00 at Room 101, West Palm Beach; Last Day to File Proofs of Claim: 10/10/00; Interested Party AUST Added. (hm) [EOD 06/09/00] 6/11/00 6 Court's Certificate of Mailing Re: [0-0] First Meeting 11 # of Notices: 31. (adkt) [EOD 06/13/00] 6/13/00 7 Order (6/12/00) Granting [3-1] Motion For Authorization to Pay Pre Petition Wages by Microbest, Inc. (EOD 6-13-00) (hm) [EOD 06/13/00]K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report March 15, 2002

MICROBEST, INC.

(Exact name of registrant as specified in its charter)


MINNESOTA	0-28137	41-1864003




(State or other jurisdiction of incorporation)	Commission File Number)	(I.R.S. Employer Identification No.)


751 Park of Commerce Drive, Suite 122 Boca Raton , FL (Address of principal executive offices)		33487-3623 (Zip Code)

Registrant’s telephone number; (561) 995-9770

INFORMATION TO BE INCLUDED IN THE REPORT

Item 1. Changes in Control of Registrant.

None

Item 2. Acquisition or Disposition of Assets.

None

Item 3. Bankruptcy or Receivership.

None

Item 4. Changes in Registrant’s Certifying Accountant.

None

Item 5. Other

On March 1, 2002 the Company received from Forward Looking Technologies, Inc., (FLT) of Aventura, FL a venture capital group, an extension of the financial commitment made to the Company by FLT on February 16, 2001. The original commitment was for an investment of up to $1 million in common stock of the Company over a period of one year. During the one year term of that commitment the Company received $698,775 for which it issued 5,541,443 restricted shares of common stock without registration in reliance upon section 4 (2) of the Securities Act of 1933.

The new commitment from FLT extends the term of the original commitment for one year up to the balance of the $1 million under the same terms and conditions.

Item 6. Resignation of Registrant’s Directors.

None

Item 7. Financial Statements and Exhibits


Exhibit 1.		Original Financial Commitment from Forward Looking Technologies, dated February 16, 2001




Exhibit 2.		Extension of Financial Commitment from Forward Looking Technologies, Inc., dated March 1, 2002.

Item 8. Change in Fiscal Year.

None

Sales of Equity Securities Pursuant to Regulation S.

None

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		Microbest, Inc.

		(Registrant)





		/s/ Michael J. Troup
Date: March 15, 2002		Michael J. Troup, Chief Executive Officer and Chairman

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